I had a hold rating for ESAB Corporation ( ESAB ) previously, as I thought the timing for Mexican recovery would continue to weigh on the stock despite the visible rebound in automation ahead. I am upgradingI’m a fundamental, valuation-driven investor with a strong focus on identifying businesses that have the potential to scale over time and unlock massive terminal value. My investment approach centers around understanding the core economics of a business—its competitive moat, unit economics, reinvestment ...